“The huge investment proposed on the infrastructure development like road, airport, railway and power projects will definitely give a fillip to construction equipment manufacturers,” says Anand Sundaresan, Vice Chairman and Managing Director, Schwing Stetter India in an exclusive chat with one of the Construction magazine. According to Sundaresan the road equipment manufacturers are likely to be benefitted the most because of the huge investments planned in the national highway sector as well as in the upgradation of state highway roads to national highway level.
He said, “After a dull period of almost 3 years, the construction equipment manufacturers can look at growth in the coming years. Significant emphasis on irrigation projects and rural road projects under PMGSY scheme will also help the construction equipment industry. This will create enormous opportunities for smaller capacity construction equipment.”
Sundaresan added, “I expect that the current manufacturers will not be able to meet the anticipated demand, which will lead to opening up the opportunity to many new manufacturers.”
“Many sops are also given for the building / real estate industry, which should give a boost to the sick real estate industry. The tax reforms and the expressway created for settlement of disputes on various infrastructure projects and PPP projects are most welcome. Overall the Budget is quite good and progressive and will be an elixir to Make in India concept,” he said.
Surjeet Kumar (Corporate Communications)